Federal-Mogul Holdings Corp (FDML) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Federal-Mogul Holdings Corp (FDML) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $0.28 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.32. The company posted revenue of $1924.00 million in the period, compared to analysts expectations of $2000.90 million. The company’s revenue was down -1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on Federal-Mogul Holdings Corp. Company shares were Reiterated by FBR Capital on Jun 21, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 8 from a previous price target of $7 .

Federal-Mogul Holdings Corp closed down -0.37 points or -4.04% at $8.79 with 1,02,252 shares getting traded on Thursday. Post opening the session at $9.17, the shares hit an intraday low of $8.73 and an intraday high of $9.2 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Federal-Mogul Holdings Corporation (Federal-Mogul) formerly Federal-Mogul Corporation is a global supplier of technology and innovation in vehicle and industrial products for fuel economy emissions reduction and safety systems. The Company operates in two segments: Powertrain segment and Motorparts segment. The Powertrain segment focuses on original equipment products for automotive heavy duty and industrial applications. The Motorparts segment sells and distributes a portfolio of products in the global aftermarket while also serving original equipment manufacturers with products including braking chassis wipers and other vehicle components. The Company serves the original equipment manufacturers (OEM) and servicers (OES) (collectively OE) of automotive light medium and heavy-duty commercial vehicles off-road agricultural marine rail aerospace power generation and industrial equipment.

Federal-Mogul Holdings Corp

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